The in-country Subsea Tree Refurbishment feat by Shell Nigeria Exploration and Production Company (SNEPCo), has earned Shell Companies in Nigeria the Best Performing International Company in Technology and Innovation at the awards night of the maiden edition of the Nigeria International Petroleum Summit (NIPS) in Abuja.
Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) – NNPC/CNL JV, also won two awards at the Summit.
CNL carted away – “Top domestic gas producer in 2016/2017” and “The best Performing Upstream International Company in Social Contribution for 2016/2017”.
NIPCO Plc bagged oil and gas industry award over its unprecedented acquisition of ExxonMobil’s stake in Mobil Oil Nigeria Plc at the event.
The state-organised event was attended by Nigerian and international industry leaders. SNEPCo pioneered the in-country feat and achieved significant savings in the cost of the subsea equipment led by Nigerian engineers.
A Subsea Tree is an arrangement of valves and other components installed at the wellhead to control and monitor production flow and manage fluids injection. SNEPCo embarked on a Tree Refurbishment initiative in 2013 to ensure timely delivery of the equipment at lower cost for the Bonga Phase 2 project, an in-field wells delivery and hook–up programme within the Bonga Field, which has been in execution since 2007.
On hand to receive the award presented by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, were the Country Chair, Shell Companies in Nigeria and Managing Director of The Shell Petroleum Development Company of Nigeria Limited (SPDC), Mr. Osagie Okunbor and the Managing Director of SNEPCo, Mr. Bayo Ojulari.
SNEPCo saves about $6 million for every refurbished Subsea Tree and this is delivered within 15 months as against 36 months for newly manufactured ones.
The CNL certificates and plaques were presented to the firm amid many dignitaries including the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, representatives of the NNPC/industry regulators, participants from other African countries and other industry players.
On hand to receive the awards, separately presented by Kachikwu and the Chief Financial Officer of the NNPC, Isiaka Abdulrazaq, who represented the Group Managing Director, Dr Maikanti Baru, was the General Manager, Policy, Government and Public Affairs, CNL, Mr. Esimaje Brikinn.
Brikinn expressed CNL’s delight over the recognition and awards. He explained that CNL has a comprehensive and aggressive gas development programme that is driven by good environmental stewardship to eliminate gas flares in its operations, help meet Nigeria’s energy needs and convert Nigeria’s huge gas resources into wealth for the benefit of the nation.
Brikinn also noted the efforts of other Chevron companies in social contributions in Nigeria. For instance, the Star Deep Water Petroleum Limited (a Chevron Company) and the other parties in the Agbami field, have also contributed to the sustainable development of Nigeria via interventions in health, education and economic empowerment. “From 2008 to 2016, the Agbami parties have invested N2.5billion on education infrastructure, N8.4 billion on scholarships and N2.2 billion on the provision of fully equipped modern chest clinics across the country. Over 16,000 students from all the states of Nigeria have benefitted from the Agbami Medical and Engineering Scholarship and among these, an impressive total of 456 have graduated with first class degrees,” he said.”
Also presenting the award to NIPCO, the Permanent Secretary, Federal Ministry of Petroleum Resources, Dr. Folasade Yemi – Ojo, said it was part of Federal Government’s efforts to encourage operators, who have shown considerable interest in the growth of the industry.
The acquisition of ExxonMobil’s stake in Mobil Oil Nigeria (MON) Plc by an indigenous company, she said, was assessed by the Federal Government as significant effort by indigenous operator, hence the award to NIPCO.
NIPCO team at the event included the Managing Director, Sanjay Teotia, and the Chief Corporate Affairs Manager, Lawal Taofeek, who received the award on behalf of the company.
Speaking after the award, Teotia said the laurel was a welcome development as the company’s continuous interest in the downstream sector is an affirmation of its belief in the Nigerian economy.
The acquisition of majority shareholding in MON – now put at about 74 per cent of the entire shareholding, Lawal said, is to extend its stakes in the sector. He added that with the feat, NIPCO & 11Plc, formerly MON Plc, both companies now have about 500 retail outlets across the country.
Also, for the third time running, Shell has won the Nigeria Oil and Gas Industry Games (NOGIG), posting a commanding victory streak in the history of the 30-year old biennial competition. At the end of the week-long NOGIG 2018 in Lagos, Team Shell topped the medal table with 11 gold, 11 silver and eight bronze medals, leaving the Nigerian National Petroleum Corporation (NNPC) and ExxonMobil in second and third places respectively.
“I’m excited at the performance of the team for making us proud,” said Osagie Okunbor, Managing Director, Shell Petroleum Development Company of Nigeria (SPDC) Ltd and Country Chair, Shell Companies in Nigeria, while reflecting on the performance of the contingent.